The connected mapping, used in conjunction with the bank’s existing licences, enabled faster validation of data profiling and improved the accuracy and latency of the data.
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In addition, once the bank’s data was mapped, entities and attributes could be locked in and monitored for relevant changes (both inside and outside the bank) creating an on-going BAU service to keep the information fully up-to-date, rather than a one-off exercise for remediation.

The results

ICX4’s solution enabled a planned reduction of 7 years in the banks regulatory back book remediation program.

The solution provides a central governance repository for all countries that can transfer data, coupled with separate local instances where data restrictions prevent transfer.

Provided complete sighting on all cross-border trading clients.

Implemented single unique customer identifier for all clients (mapped against internal and external identifiers).

The program supports the monitoring solution and to date has matched, verified and maintained over 45 million customers on an automated basis.

Cost savings to date calculated at over £200m based on the reduction in program timescales and operating efficiencies.

Excluding any potential regulatory fines for non-compliance.

45 million matched, verified and maintained customer records

Our Products

enterpriseDNA

A robust, proven global data model used by some of the world’s leading financial institutions to map their entire data landscape, providing a solid foundation for improving operational and data efficiency.

enterpriseDNA plus

ABOUT US

ICX4 has developed a unique blend of technology and services to ensure that an organisation’s internal data is kept up to date and consistent with a large selection of external data sources, covering everything from regional corporate registries to global regulatory databases.

We understand data is the DNA on which organisations base all decisions, mitigating risk and enabling growth.